Weekly H&S sign of the times
Updated
ETN is a strong stock judging by it's excellent income statement and balance sheet. Improvements YoY stay in line with the Warren Buffett criteria for buying a company. This company handles improving energy usage, and let's face it, that's super important. This could be a stock that sees a huge upside, for now the target is around $85. I would assume that it would retrace a little more with the other US indices and be on sale later this summer. It seems like it was a hidden gem earlier. People interested in the electric cars were hot on it last couple years. Now BTC is hot topic and ETN is tossed aside, but this company could have its foot in the right door for a lot of reasons.
It looks like a possible head and shoulders forming, to take advantage of lower prices.
Note
tradingview.com/x/XMxp7dTrStudy the aroon (14) and RSI (3) on this stock for some big moves. The company's Piotrowski F-score is 8; And it's price is below it's Peter Lynch earnings line. Perfect for buying.
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